The Income Statement for the Month of June, 2018 of Camera

Multiple Choice

The income statement for the month of June, 2018 of Camera Obscura Enterprises contains the following information: The entry to close the expense accounts includes a

A) debit to Income Summary for $1,300.
B) credit to Rent Expense for $1,500.
C) credit to Income Summary for $5,700.
D) debit to Salaries and Wages Expense for $3,000.